MIRA
INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
BRIKKSEN COMPANY |
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Registered Office : |
10421 Sanden Drive,
Dalls, TX 75238 |
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Country : |
United States |
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Date of Incorporation : |
24.07.2001 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and Wholesaler
of Industrial Fasteners, |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
BRIKKSEN COMPANY
Address
10421 Sanden Drive, Dalls, TX 75238 – USA
Telephone : 214-343-5703
Fax : 214-348-6990
Website : www.brikksen.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
3417827 Delaware Corporation – Profit 07-24-2001 3,000 shares common No par value Max LOREFICE |
ACTIVITIES
& OPERATIONS
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Business Staff: |
The Company is importer
and wholesaler of industrial fasteners, industrial supplies adhesive mounts, hole reinforcements, round head
fasteners, tag fasteners, screw posts, adhesive corners, bag clips, book
rings, prong fasteners, self adhesive fasteners, binder posts, wall or board
clips, rubber bands, clasp fasteners, paper clips, binder or bulldog clips,
pins or tacks, staples, velcro fastener, etc… 15 |
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Operations & branches: |
At above address, we find
a warehouse and office, on lease. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
WURTH USA 93 Grant Street Which is a subsidiary of: Adolf Würth GmbH & Co. KG |
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Management : |
The Chairman and Director
is Walter JAEGER. He lives in Künzelsau,
Germany Max LOREFICE is the
President. Richard PENNINGTON is
Vice President and CEO. Kael-Heinz WINTER is
Director He lives in Künzelsau,
Germany |
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Subsidiaries & Partnership : |
None |
FINANCIALS
In United States, privately
held corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
was received.
However, sales estimate for
year 2007 is in the range of USD 2,400,000=
The business is said to be
profitable.
Banks
Bank of America
LEGAL FILINGS
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Legal filings
& complaints : |
As of today date, there
is no legal filings pending with the District Courts. |
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Secured debts
summary (UCC) : |
None |
MARKET
ANALYSIS & FORECAST
In the United State, during
the year 2007:
- 80% of the corporations
in same branch were developing the business on a medium risk of late payment,
- 20% on a high risk of
late payment.
- 80% of them saw sales
stable versus last 3 years
- 4% declining
- 16% growing
A high percentage of late
payment may indicate that companies in this industry are experiencing cash flow
problems, that suppliers generally accept late payment as part of doing
business, or that on-time payment is not customary in this industry.
Companies entering such
markets should not expect to be paid on time.
The market appears to be
stable.
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 93% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 5 days beyond
terms.
The Company maintains a
regular business.
The banks and financial
institutions confirmed a correct credit history.
The risk is low.
Our opinion:
A business connection may
be conducted.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 80,000= |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.37 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.63.41 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)